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MyCryptoParadise_Nathan
Sep 5, 2023 9:14 PM

VRA/USDT: Triangle Pattern Hints at Two Possible Scenarios Β 

Verasity / TetherKuCoin

Description

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πŸ’Ž Attention Paradisers, Let's dive into VRA/USDT on the daily chart.We’re seeing a triangle pattern, Signalling 2 scenarios. Here's what to watch for:

πŸ’Ž To confirm a bullish scenario, we're looking for a breakout above the triangle pattern. However, for stronger confirmation, keep an eye on a breakout above the resistance and LH (Lower High) level at 0.00488725. This breakout could lead to a bullish run targeting the next resistance zones at 0.00588356 and 0.00758609.

πŸ’Ž Conversely, if the bears take control, we'll want to see a breakdown of the current demand area. Once broken, this demand area may turn into resistance. In that case, a bearish move could be expected, with potential targets at the next demand areas of 0.00378079, 0.00302307, 0.00254326, and 0.00219467.

πŸ’Ž Stay vigilant and adapt your strategy accordingly based on these key levels, ParadiseSquad!
Comments
raj5_7_5
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Down phase started πŸ“Œ no move

Max PPL believing $1-4 but next year based 6 months performance we need to tell target πŸ“Œ
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